Global X ETFs launches four China-related funds

Global X ETFs has launched four China-related Ucits products, including for cloud computing and biotech themes.

The ETFs offer strong long-term global growth prospects, said the firm, and seek to profit from China’s recent economic reopening following several years of strict zero-covid measures.

The funds are the Global X China Cloud Computing Ucits ETF (CCLD), Global X China Biotech Ucits ETF (CBIO), Global X China Electric Vehicle and Battery Ucits ETF (CAUT) and Global X China Clean Energy Ucits ETF (CCLN).

The four strategies will be listed on London Stock Exchange and carry an expense ratio of 0.68%.

Global X ETFs said China has prevailed as a global leader in cloud computing after receiving strong government support, while China’s healthcare sector, which is forecasted to be worth $2.4 trillion by 2030, underpinned the biotech ETF.

Rob Oliver, head of business development, Europe, for Global X ETFs, said: “The Chinese government has shifted its investment focus toward technology and sustainability, which creates key opportunities for investors following its recent economic re-opening.”

© 2023 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Luxembourg is one of the world’s premiere centres for cross-border distribution of investment funds. Read our special regional coverage, coinciding with the annual ALFI European Asset Management Conference.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST